Karnak, IL is a city situated in Southern Illinois with a population that is not specified. This city offers amenities at a reasonable cost with two bedroom rent at $680 compared to the US average price of $1,430. The grocery cost index adds to the appeal as it is 90 versus 100 in the US. The low cost of living allows local businesses such as K&S Hardware store, Karnak Market, and Suzie's Diner to operate in Karnak. These stores offer quality service and goods for affordable prices that draw people from surrounding towns. Furthermore, various events are held throughout the year which brings together locals and visitors alike. With its great amenities and comparatively low cost of living, Karnak, IL is an ideal place for anyone looking for a place to live or visit.
Karnak has an unemployment rate of 10.3%. The US average is 6.0%.
Karnak has seen the job market increase by 4.8% over the last year. Future job growth over the next ten years is predicted to be 32.0%, which is lower than the US average of 33.5%.
Tax Rates for Karnak
- The Sales Tax Rate for Karnak is 6.3%. The US average is 7.3%.
- The Income Tax Rate for Karnak is 5.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Karnak
- The average income of a Karnak resident is $16,538 a year. The US average is $28,555 a year.
- The Median household income of a Karnak resident is $33,056 a year. The US average is $69,021 a year.